General Motors reports a 60% increase in profit in the United States, greatly exceeding expectations.
July 23, 2024 20:04 JST (excerpt)
General Motors' profit for the April-June (Q2) quarter increased by 60% compared to the same period last year, greatly exceeding Wall Street's expectations.
According to the information released by GM on the 23rd, the adjusted earnings per share for April-June were $3.06, an increase from $1.91 in the same period last year. The average analyst estimate compiled by Bloomberg was $2.71. GM also raised its profit forecast for this year by up to $15 billion (approximately 2.34 trillion yen), a $500 million upward revision.
General Motors' profit for the April-June (Q2) quarter increased by 60% compared to the same period last year, greatly exceeding Wall Street's expectations.
According to the information released by GM on the 23rd, the adjusted earnings per share for April-June were $3.06, an increase from $1.91 in the same period last year. The average analyst estimate compiled by Bloomberg was $2.71. GM also raised its profit forecast for this year by up to $15 billion (approximately 2.34 trillion yen), a $500 million upward revision.
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